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Indbank Merchant Banking Services Limited

ISIN : INE841B01017
NSE : INDBANK
BSE : 511473
Face Value : 10
Industry : Finance - Stock Broking

EPS : 2.03
EPS (TTM) : 2.52
Price to Earning (P/E) : 13.85
Book Value : 18.79
Price to Bookvalue (P/B) : 1.50
Dividend Yield : 0 %
Return on Equity (ROE) : 10.18 %
Return on Capital Employed (ROCE) : 14.60 %

Indbank Merchant share price (02-Apr-2026)
National Stock Exchange NSE
Open / Close	0 - 0 NAN %
Low / High	0 - 0 NAN %
Trade Volume	0
52 Week Low / High	0 - 0 NAN %
Bombay Stock Exchange BSE
Open / Close	31.2 - 31.64 1.4 %
Low / High	30.7 - 31.87 3.8 %
Trade Volume	8,193
52 Week Low / High	29 - 47 62.1 %

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Consolidated Standalone

CONSOLIDATED QUARTERLY RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Date End	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	35.14	42.01	43.2	42.23	54.2	60.45	65.95	68.65	77.01	81.3
Total Income	73.9	43.19	54.1	42.32	54.26	60.55	66.02	68.65	77.14	81.31
Total Expenditure	67.77	21.58	30.17	30.56	33.35	27.35	32.31	35.43	38.66	36.27
Other Income	38.76	1.18	10.9	0.07	0.06	0.1	0.07		0.13	0.01
Operating Profit	6.13	21.61	23.93	11.76	20.91	33.2	33.71	33.22	38.48	45.04
Interest	4.05	3.99	0.37	0.49	0.28	0.29	0.01	0.13	0.17	0.19
PBDT	2.08	17.62	23.56	11.27	20.63	32.91	33.7	33.09	38.31	44.85
Depreciation	0.92	0.92	0.94	0.93	0.95	0.95	0.96	0.94	1.24	1.08
Profit Before Tax	1.16	16.7	22.62	10.34	19.68	31.96	32.74	32.15	37.07	43.77
Tax	8.04	-2.3	5.15	4.94	4.53	7.73	7.14	16.74	8.57	10.76
Profit After Tax	-6.88	19	17.47	5.4	15.15	24.23	25.6	15.41	28.5	33.01
Net Profit	-6.88	19	17.47	5.4	15.15	24.23	25.6	25.01	28.5	33.01
Equity Capital	443.78	443.78	443.78	443.78	443.78	443.78	443.78	443.78	443.78	443.78
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	-0.16	0.43	0.39	0.12	0.34	0.55	0.58	0.35	0.64	0.74
Diluted Eps After Extraordinary Items	-0.16	0.43	0.39	0.12	0.34	0.55	0.58	0.56	0.64	0.74
Diluted Eps Before Extraordinary Items	-0.16	0.43	0.39	0.12	0.34	0.55	0.58	0.56	0.64	0.74

STANDALONE QUARTERLY RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Date End	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
No of months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months	3 months
Net Sales	35.14	42.01	43.2	42.23	54.2	60.45	65.95	68.65	77.01	81.3
Total Income	73.9	43.19	54.1	42.32	54.26	60.55	66.02	68.65	77.14	81.31
Total Expenditure	67.77	21.58	30.17	30.56	33.35	27.35	32.31	35.43	38.66	36.27
Other Income	38.76	1.18	10.9	0.07	0.06	0.1	0.07		0.13	0.01
Operating Profit	6.13	21.61	23.93	11.76	20.91	33.2	33.71	33.22	38.48	45.04
Interest	4.05	3.99	0.37	0.49	0.28	0.29	0.01	0.13	0.17	0.19
PBDT	2.08	17.62	23.56	11.27	20.63	32.91	33.7	33.09	38.31	44.85
Depreciation	0.92	0.92	0.94	0.93	0.95	0.95	0.96	0.94	1.24	1.08
Profit Before Tax	1.16	16.7	22.62	10.34	19.68	31.96	32.74	32.15	37.07	43.77
Tax	8.04	-2.3	5.15	4.94	4.53	7.73	7.14	16.74	8.57	10.76
Profit After Tax	-6.88	19	17.47	5.4	15.15	24.23	25.6	15.41	28.5	33.01
Net Profit	-6.88	19	17.47	5.4	15.15	24.23	25.6	25.01	28.5	33.01
Equity Capital	443.78	443.78	443.78	443.78	443.78	443.78	443.78	443.78	443.78	443.78
Face Value (IN RS)	10	10	10	10	10	10	10	10	10	10
Calculated EPS	-0.16	0.43	0.39	0.12	0.34	0.55	0.58	0.35	0.64	0.74
Diluted Eps After Extraordinary Items	-0.16	0.43	0.39	0.12	0.34	0.55	0.58	0.56	0.64	0.74
Diluted Eps Before Extraordinary Items	-0.16	0.43	0.39	0.12	0.34	0.55	0.58	0.56	0.64	0.74

Consolidated Standalone

CONSOLIDATED ANNUAL RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	176.31	182.63	249.24
Total Income	245.3	213.51	249.48
Total Expenditure	142.7	150.04	128.46
Other Income	68.99	30.88	0.24
Operating Profit	102.6	63.47	121.02
Interest	15.07	8.89	0.71
PBDT	87.53	54.58	120.31
Depreciation	1.99	3.71	3.79
Profit Before Tax	85.54	50.87	116.52
Tax	15.89	15.83	36.13
Profit After Tax	69.65	35.04	80.39
Net Profit	69.65	35.04	89.99
Equity Capital	443.78	443.78	443.78
Face Value (IN RS)	10	10	10
Reserves	267.54
Calculated EPS	1.57	0.79	1.81
Diluted Eps After Extraordinary Items	1.57	0.79	2.03
Diluted Eps Before Extraordinary Items	1.57	0.79	2.03

STANDALONE ANNUAL RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Date End	Mar 2022	Mar 2023	Mar 2024
No of months	12 months	12 months	12 months
Net Sales	176.31	182.63	249.24
Total Income	245.3	213.51	249.48
Total Expenditure	142.7	150.04	128.46
Other Income	68.99	30.88	0.24
Operating Profit	102.6	63.47	121.02
Interest	15.07	8.89	0.71
PBDT	87.53	54.58	120.31
Depreciation	1.99	3.71	3.79
Profit Before Tax	85.54	50.87	116.52
Tax	15.89	15.83	36.13
Profit After Tax	69.65	35.04	80.39
Net Profit	69.65	35.04	89.99
Equity Capital	443.78	443.78	443.78
Face Value (IN RS)	10	10	10
Reserves	267.54
Calculated EPS	1.57	0.79	1.81
Diluted Eps After Extraordinary Items	1.57	0.79	2.03
Diluted Eps Before Extraordinary Items	1.57	0.79	2.03

Consolidated Standalone

CONSOLIDATED PROFIT / LOSS FOR INDBANK MERCHANT BANKING SERVICES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	12.01 Cr	17.63 Cr	18.26 Cr	24.92 Cr
Interest income	3 Lk	1.11 Cr	3.19 Cr	4.15 Cr
Dividend income	0	0	1.03 Lk	1.93 Lk
Brokerages & commissions	0	0	14.99 Cr	19.49 Cr
Operating Income (Net)	12.01 Cr	17.63 Cr	18.26 Cr	24.92 Cr
Employee Cost	6.03 Cr	6.93 Cr	7.59 Cr	8.37 Cr
Salaries, Wages & Bonus	5.05 Cr	6.04 Cr	6.64 Cr	7.3 Cr
Contributions to EPF & Pension Funds	51.78 Lk	52.5 Lk	62.8 Lk	66.47 Lk
Workmen and Staff Welfare Expenses	21.81 Lk	21.76 Lk	23.97 Lk	25.2 Lk
Operating & Establishment Expenses	1.73 Cr	2.11 Cr	2.48 Cr	2.71 Cr
Depository Charges	36.85 Lk	63.79 Lk	24.95 Lk	36.34 Lk
Software & Technical expenses	25.84 Lk	28.71 Lk	29.52 Lk	17.9 Lk
Commission, Brokerage & Discounts	0	0	87.88 Lk	1.14 Cr
Rent , Rates & Taxes	29.79 Lk	28.4 Lk	35.11 Lk	29.98 Lk
Repairs and Maintenance	33.28 Lk	34.09 Lk	37.87 Lk	36.67 Lk
Insurance	75,494	1.51 Lk	2.12 Lk	1.83 Lk
Electricity & Power	11.16 Lk	11.87 Lk	12.31 Lk	11.61 Lk
Administrations & Other Expenses	45.56 Lk	1.06 Cr	1.44 Cr	1.35 Cr
Printing and stationery	3 Lk	5.15 Lk	3.28 Lk	4.81 Lk
Professional and legal fees	13.52 Lk	66.09 Lk	1 Cr	87.9 Lk
Advertisement & Sales Promotion	7.75 Lk	7.63 Lk	7.32 Lk	7.51 Lk
Provisions and Contingencies	4.66 Cr	4.16 Cr	3.5 Cr	41.71 Lk
Provisions against NPAs	8.17 Lk	20.82 Lk	0	0
Loss on disposal of fixed assets(net)	0	25,031	0	24,000
Loss on sale of non-trade current investments	1.75 Lk	0	0	0
Total Expenditure	12.88 Cr	14.24 Cr	15 Cr	12.84 Cr
Other Income	7.46 Cr	6.9 Cr	3.09 Cr	2.42 Lk
Other Interest Income	2.88 Cr	2.82 Cr	0	0
Profit on sale of Fixed Assets	1.53 Lk	0	0	0
Income from investments	2.18 Lk	20.75 Lk	0	0
Provision Written Back	4.39 Cr	3.86 Cr	3.05 Cr	28,000
Operating Profit	6.6 Cr	10.29 Cr	6.35 Cr	12.11 Cr
Interest	1.53 Cr	1.53 Cr	88.99 Lk	7.71 Lk
Loans	0	0	16.42 Lk	7.13 Lk
Depreciation	18.51 Lk	19.9 Lk	37.13 Lk	37.91 Lk
Profit Before Taxation & Exceptional Items	4.88 Cr	8.55 Cr	5.09 Cr	11.65 Cr
Profit Before Tax	4.88 Cr	8.55 Cr	5.09 Cr	11.65 Cr
Provision for Tax	83.03 Lk	1.59 Cr	1.58 Cr	3.61 Cr
Current Income Tax	12.54 Lk	1.43 Cr	91.22 Lk	2.83 Cr
Deferred Tax	70.49 Lk	15.55 Lk	67.08 Lk	87.01 Lk
Profit After Tax	4.05 Cr	6.96 Cr	3.5 Cr	8.04 Cr
Extra items	0	0	0	96 Lk
Consolidated Net Profit	4.05 Cr	6.96 Cr	3.5 Cr	9 Cr
Profit Balance B/F	15.83 Cr	20.14 Cr	27.1 Cr	30.13 Cr
Appropriations	19.88 Cr	27.1 Cr	30.6 Cr	39.13 Cr
Earnings Per Share	0.91	1.57	0.79	1.81
Adjusted EPS	0.91	1.57	0.79	1.81

STANDALONE PROFIT / LOSS FOR INDBANK MERCHANT BANKING SERVICES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Operating Income	12.01 Cr	17.63 Cr	18.26 Cr	24.92 Cr
Interest income	3 Lk	1.11 Cr	3.19 Cr	4.15 Cr
Dividend income	0	0	1.03 Lk	1.93 Lk
Brokerages & commissions	0	0	14.99 Cr	19.49 Cr
Operating Income (Net)	12.01 Cr	17.63 Cr	18.26 Cr	24.92 Cr
Employee Cost	6.03 Cr	6.93 Cr	7.59 Cr	8.37 Cr
Salaries, Wages & Bonus	5.05 Cr	6.04 Cr	6.64 Cr	7.3 Cr
Contributions to EPF & Pension Funds	51.78 Lk	52.5 Lk	62.8 Lk	66.47 Lk
Workmen and Staff Welfare Expenses	21.81 Lk	21.76 Lk	23.97 Lk	25.2 Lk
Operating & Establishment Expenses	1.73 Cr	2.11 Cr	2.48 Cr	2.71 Cr
Depository Charges	36.85 Lk	63.79 Lk	24.95 Lk	36.34 Lk
Software & Technical expenses	25.84 Lk	28.71 Lk	29.52 Lk	17.9 Lk
Commission, Brokerage & Discounts	0	0	87.88 Lk	1.14 Cr
Rent , Rates & Taxes	29.79 Lk	28.4 Lk	35.11 Lk	29.98 Lk
Repairs and Maintenance	33.28 Lk	34.09 Lk	37.87 Lk	36.67 Lk
Insurance	75,494	1.51 Lk	2.12 Lk	1.83 Lk
Electricity & Power	11.16 Lk	11.87 Lk	12.31 Lk	11.61 Lk
Administrations & Other Expenses	45.56 Lk	1.06 Cr	1.44 Cr	1.35 Cr
Printing and stationery	3 Lk	5.15 Lk	3.28 Lk	4.81 Lk
Professional and legal fees	13.52 Lk	66.09 Lk	1 Cr	87.9 Lk
Advertisement & Sales Promotion	7.75 Lk	7.63 Lk	7.32 Lk	7.51 Lk
Provisions and Contingencies	4.66 Cr	4.16 Cr	3.5 Cr	41.71 Lk
Provisions against NPAs	8.17 Lk	20.82 Lk	0	0
Loss on disposal of fixed assets(net)	0	25,031	0	24,000
Loss on sale of non-trade current investments	1.75 Lk	0	0	0
Total Expenditure	12.88 Cr	14.24 Cr	15 Cr	12.84 Cr
Other Income	7.46 Cr	6.9 Cr	3.09 Cr	2.42 Lk
Other Interest Income	2.88 Cr	2.82 Cr	0	0
Profit on sale of Fixed Assets	1.53 Lk	0	0	0
Income from investments	2.18 Lk	20.75 Lk	0	0
Provision Written Back	4.39 Cr	3.86 Cr	3.05 Cr	28,000
Operating Profit	6.6 Cr	10.29 Cr	6.35 Cr	12.11 Cr
Interest	1.53 Cr	1.53 Cr	88.99 Lk	7.71 Lk
Loans	0	0	16.42 Lk	7.13 Lk
Depreciation	18.51 Lk	19.9 Lk	37.13 Lk	37.91 Lk
Profit Before Taxation & Exceptional Items	4.88 Cr	8.55 Cr	5.09 Cr	11.65 Cr
Profit Before Tax	4.88 Cr	8.55 Cr	5.09 Cr	11.65 Cr
Provision for Tax	83.03 Lk	1.59 Cr	1.58 Cr	3.61 Cr
Current Income Tax	12.54 Lk	1.43 Cr	91.22 Lk	2.83 Cr
Deferred Tax	70.49 Lk	15.55 Lk	67.08 Lk	87.01 Lk
Profit After Tax	4.05 Cr	6.96 Cr	3.5 Cr	8.04 Cr
Extra items	0	0	0	96 Lk
Consolidated Net Profit	4.05 Cr	6.96 Cr	3.5 Cr	9 Cr
Profit Balance B/F	15.83 Cr	20.14 Cr	27.1 Cr	30.13 Cr
Appropriations	19.88 Cr	27.1 Cr	30.6 Cr	39.13 Cr
Earnings Per Share	0.91	1.57	0.79	1.81
Adjusted EPS	0.91	1.57	0.79	1.81

Consolidated Standalone

CONSOLIDATED CASH FLOW FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	4.9 Cr	8.4 Cr	5.09 Cr	11.65 Cr
Adjustment	1.68 Cr	1.56 Cr	2.32 Cr	-41.05 Lk
Changes In working Capital	1.16 Cr	4.85 Cr	-6.5 Cr	-9.99 Cr
Cash Flow after changes in Working Capital	7.74 Cr	14.81 Cr	90.36 Lk	1.25 Cr
Cash Flow from Operating Activities	6.09 Cr	13.38 Cr	3.04 Lk	-1.16 Cr
Cash Flow from Investing Activities	-6.32 Cr	-12.27 Cr	-1.03 Cr	-17.48 Lk
Cash Flow from Financing Activitie	-27,000	-1.5 Cr	-88.9 Lk	-7.13 Lk
Net Cash Inflow / Outflow	-23.98 Lk	-39.59 Lk	-1.89 Cr	-1.4 Cr
Opening Cash & Cash Equivalents	11.52 Cr	9.71 Cr	9.25 Cr	2.03 Cr
Closing Cash & Cash Equivalent	11.28 Cr	9.32 Cr	7.36 Cr	62.71 Lk

STANDALONE CASH FLOW FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Year End	Mar 2021	Mar 2022	Mar 2023	Mar 2024
No of Months	12 months	12 months	12 months	12 months
Profit Before Tax	4.9 Cr	8.4 Cr	5.09 Cr	11.65 Cr
Adjustment	1.68 Cr	1.56 Cr	2.32 Cr	-41.05 Lk
Changes In working Capital	1.16 Cr	4.85 Cr	-6.5 Cr	-9.99 Cr
Cash Flow after changes in Working Capital	7.74 Cr	14.81 Cr	90.36 Lk	1.25 Cr
Cash Flow from Operating Activities	6.09 Cr	13.38 Cr	3.04 Lk	-1.16 Cr
Cash Flow from Investing Activities	-6.32 Cr	-12.27 Cr	-1.03 Cr	-17.48 Lk
Cash Flow from Financing Activitie	-27,000	-1.5 Cr	-88.9 Lk	-7.13 Lk
Net Cash Inflow / Outflow	-23.98 Lk	-39.59 Lk	-1.89 Cr	-1.4 Cr
Opening Cash & Cash Equivalents	11.52 Cr	9.71 Cr	9.25 Cr	2.03 Cr
Closing Cash & Cash Equivalent	11.28 Cr	9.32 Cr	7.36 Cr	62.71 Lk

Consolidated Standalone

CONSOLIDATED BALANCE SHEET FOR INDBANK MERCHANT BANKING SERVICES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	44.38 Cr	44.38 Cr	44.38 Cr	44.38 Cr
Equity - Authorised	100 Cr	100 Cr	100 Cr	100 Cr
Equity - Issued	44.41 Cr	44.41 Cr	44.41 Cr	44.41 Cr
Equity Paid Up	44.38 Cr	44.38 Cr	44.38 Cr	44.38 Cr
Face Value	10	10	10	10
Total Reserves	19.9 Cr	26.75 Cr	30.13 Cr	38.99 Cr
Profit & Loss Account Balance	19.88 Cr	27.1 Cr	30.13 Cr	38.99 Cr
Reserve excluding Revaluation Reserve	19.9 Cr	26.75 Cr	30.13 Cr	38.99 Cr
Shareholder's Funds	64.28 Cr	71.13 Cr	74.51 Cr	83.37 Cr
Deferred Tax Assets / Liabilities	-3.16 Cr	-3.04 Cr	-2.37 Cr	-1.5 Cr
Deferred Tax Assets	4.65 Cr	3.98 Cr	3.29 Cr	2.4 Cr
Deferred Tax Liability	1.48 Cr	93.55 Lk	91.13 Lk	89.76 Lk
Long Term Provisions	0	0	4.4 Cr	2.1 Cr
Total Non-Current Liabilities	-3.16 Cr	-3.04 Cr	2.02 Cr	59.74 Lk
Trade Payables	0	57.8 Lk	99.89 Lk	42.07 Lk
Sundry Creditors	0	57.8 Lk	99.89 Lk	42.07 Lk
Other Current Liabilities	17.12 Cr	18.54 Cr	17.6 Cr	20.96 Cr
Bank Overdraft / Short term credit	16.07 Cr	16.26 Cr	0	0
Short Term Borrowings	0	0	2.79 Cr	0
Secured ST Loans repayable on Demands	0	0	2.79 Cr	0
Working Capital Loans- Sec	0	0	2.79 Cr	0
Short Term Provisions	2.93 Cr	4.59 Cr	1.5 Cr	1.59 Cr
Provision for Tax	1.98 Cr	3.35 Cr	0	0
Total Current Liabilities	20.06 Cr	23.71 Cr	22.88 Cr	22.97 Cr
Total Liabilities	81.17 Cr	91.8 Cr	99.41 Cr	106.94 Cr
Gross Block	4.54 Cr	4.86 Cr	5.07 Cr	4.96 Cr
Less: Accumulated Depreciation	3.98 Cr	3.88 Cr	4.17 Cr	4.22 Cr
Net Block	56.28 Lk	97.86 Lk	90.17 Lk	74.35 Lk
Capital Work in Progress	0	12.61 Lk	0	0
Non Current Investments	3.6 Cr	1.3 Cr	1.37 Cr	2.44 Cr
Long Term Investment	3.6 Cr	1.3 Cr	1.37 Cr	2.44 Cr
Quoted	1.03 Cr	1.49 Cr	1.37 Cr	2.44 Cr
Unquoted	11.51 Cr	9.81 Cr	8.71 Cr	8.71 Cr
Long Term Loans & Advances	13.38 Cr	14.7 Cr	14.55 Cr	12.92 Cr
Other Non Current Assets	18.22 Cr	32.48 Cr	24 Lk	24 Lk
Total Non-Current Assets	35.77 Cr	52.31 Cr	19.71 Cr	18.92 Cr
Unquoted	11.51 Cr	9.81 Cr	8.71 Cr	8.71 Cr
Sundry Debtors	3.21 Cr	3.37 Cr	4.12 Cr	4.58 Cr
Debtors more than Six months	0	88.7 Lk	3.5 Cr	3.61 Cr
Debtors Others	5.81 Cr	5.3 Cr	3.64 Cr	4.17 Cr
Cash and Bank	37.05 Cr	34.02 Cr	69.89 Cr	70.92 Cr
Cash in hand	28,297	283	5,000	3,000
Balances at Bank	36.98 Cr	33.95 Cr	69.89 Cr	70.92 Cr
Other Current Assets	30.35 Lk	47.03 Lk	95.08 Lk	86.74 Lk
Prepaid Expenses	18.52 Lk	28.18 Lk	67.24 Lk	56.27 Lk
Short Term Loans and Advances	4.85 Cr	1.63 Cr	4.74 Cr	11.65 Cr
Advances recoverable in cash or in kind	11.08 Lk	9.81 Lk	2.34 Lk	16.71 Lk
Advance income tax and TDS	15 Lk	15 Lk	0	0
Total Current Assets	45.4 Cr	39.49 Cr	79.7 Cr	88.02 Cr
Net Current Assets (Including Current Investments)	25.35 Cr	15.77 Cr	56.82 Cr	65.05 Cr
Total Assets	81.17 Cr	91.8 Cr	99.41 Cr	106.94 Cr
Contingent Liabilities	20.51 Cr	20.15 Cr	20.15 Cr	20.15 Cr
Total Debt	0	0	2.79 Cr	0
Book Value	14.48	16.03	0	18.79
Adjusted Book Value	14.48	16.03	16.79	18.79

STANDALONE BALANCE SHEET FOR INDBANK MERCHANT BANKING SERVICES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Share Capital	44.38 Cr	44.38 Cr	44.38 Cr	44.38 Cr
Equity - Authorised	100 Cr	100 Cr	100 Cr	100 Cr
Equity - Issued	44.41 Cr	44.41 Cr	44.41 Cr	44.41 Cr
Equity Paid Up	44.38 Cr	44.38 Cr	44.38 Cr	44.38 Cr
Face Value	10	10	10	10
Total Reserves	19.9 Cr	26.75 Cr	30.13 Cr	38.99 Cr
Profit & Loss Account Balance	19.88 Cr	27.1 Cr	30.13 Cr	38.99 Cr
Reserve excluding Revaluation Reserve	19.9 Cr	26.75 Cr	30.13 Cr	38.99 Cr
Shareholder's Funds	64.28 Cr	71.13 Cr	74.51 Cr	83.37 Cr
Deferred Tax Assets / Liabilities	-3.16 Cr	-3.04 Cr	-2.37 Cr	-1.5 Cr
Deferred Tax Assets	4.65 Cr	3.98 Cr	3.29 Cr	2.4 Cr
Deferred Tax Liability	1.48 Cr	93.55 Lk	91.13 Lk	89.76 Lk
Long Term Provisions	0	0	4.4 Cr	2.1 Cr
Total Non-Current Liabilities	-3.16 Cr	-3.04 Cr	2.02 Cr	59.74 Lk
Trade Payables	0	57.8 Lk	99.89 Lk	42.07 Lk
Sundry Creditors	0	57.8 Lk	99.89 Lk	42.07 Lk
Other Current Liabilities	17.12 Cr	18.54 Cr	17.6 Cr	20.96 Cr
Bank Overdraft / Short term credit	16.07 Cr	16.26 Cr	0	0
Short Term Borrowings	0	0	2.79 Cr	0
Secured ST Loans repayable on Demands	0	0	2.79 Cr	0
Working Capital Loans- Sec	0	0	2.79 Cr	0
Short Term Provisions	2.93 Cr	4.59 Cr	1.5 Cr	1.59 Cr
Provision for Tax	1.98 Cr	3.35 Cr	0	0
Total Current Liabilities	20.06 Cr	23.71 Cr	22.88 Cr	22.97 Cr
Total Liabilities	81.17 Cr	91.8 Cr	99.41 Cr	106.94 Cr
Gross Block	4.54 Cr	4.86 Cr	5.07 Cr	4.96 Cr
Less: Accumulated Depreciation	3.98 Cr	3.88 Cr	4.17 Cr	4.22 Cr
Net Block	56.28 Lk	97.86 Lk	90.17 Lk	74.35 Lk
Capital Work in Progress	0	12.61 Lk	0	0
Non Current Investments	3.6 Cr	1.3 Cr	1.37 Cr	2.44 Cr
Long Term Investment	3.6 Cr	1.3 Cr	1.37 Cr	2.44 Cr
Quoted	1.03 Cr	1.49 Cr	1.37 Cr	2.44 Cr
Unquoted	11.51 Cr	9.81 Cr	8.71 Cr	8.71 Cr
Long Term Loans & Advances	13.38 Cr	14.7 Cr	14.55 Cr	12.92 Cr
Other Non Current Assets	18.22 Cr	32.48 Cr	24 Lk	24 Lk
Total Non-Current Assets	35.77 Cr	52.31 Cr	19.71 Cr	18.92 Cr
Unquoted	11.51 Cr	9.81 Cr	8.71 Cr	8.71 Cr
Sundry Debtors	3.21 Cr	3.37 Cr	4.12 Cr	4.58 Cr
Debtors more than Six months	0	88.7 Lk	3.5 Cr	3.61 Cr
Debtors Others	5.81 Cr	5.3 Cr	3.64 Cr	4.17 Cr
Cash and Bank	37.05 Cr	34.02 Cr	69.89 Cr	70.92 Cr
Cash in hand	28,297	283	5,000	3,000
Balances at Bank	36.98 Cr	33.95 Cr	69.89 Cr	70.92 Cr
Other Current Assets	30.35 Lk	47.03 Lk	95.08 Lk	86.74 Lk
Prepaid Expenses	18.52 Lk	28.18 Lk	67.24 Lk	56.27 Lk
Short Term Loans and Advances	4.85 Cr	1.63 Cr	4.74 Cr	11.65 Cr
Advances recoverable in cash or in kind	11.08 Lk	9.81 Lk	2.34 Lk	16.71 Lk
Advance income tax and TDS	15 Lk	15 Lk	0	0
Total Current Assets	45.4 Cr	39.49 Cr	79.7 Cr	88.02 Cr
Net Current Assets (Including Current Investments)	25.35 Cr	15.77 Cr	56.82 Cr	65.05 Cr
Total Assets	81.17 Cr	91.8 Cr	99.41 Cr	106.94 Cr
Contingent Liabilities	20.51 Cr	20.15 Cr	20.15 Cr	20.15 Cr
Total Debt	0	0	2.79 Cr	0
Book Value	14.48	16.03	0	18.79
Adjusted Book Value	14.48	16.03	16.79	18.79

Consolidated Standalone

FINANCIAL RATIOS (CONSOLIDATED) FOR INDBANK MERCHANT BANKING SERVICES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	0.91	1.57	0.79	1.81
CEPS(Rs)	0.96	1.61	0.87	1.9
Book NAV/Share(Rs)	14.48	16.03	16.79	18.79
Tax Rate(%)	17	18.58	31.13	31.01
Margin Ratios
Core EBITDA Margin(%)	-7.19	19.21	17.85	48.49
EBIT Margin(%)	53.37	57.21	32.72	47.06
Pre Tax Margin(%)	40.66	48.51	27.84	46.75
PAT Margin (%)	33.75	39.5	19.18	32.25
Cash Profit Margin (%)	35.29	40.63	21.21	33.77
Performance Ratios
ROA(%)	5.35	8.05	3.66	7.79
ROE(%)	6.51	10.29	4.81	10.18
ROCE(%)	10.3	14.9	8.05	14.6
Asset Turnover(x)	0.16	0.2	0.19	0.24
Sales/Fixed Asset(x)	2.69	3.75	3.68	4.97
Working Capital/Sales(x)	0.47	1.12	0.32	0.38
Efficiency Ratios
Fixed Capital/Sales(x)	0.37	0.27	0.27	0.2
Receivable days	62.64	68.06	74.86	63.74
Valuation Parameters
PER(x)	13.94	13.8	26.67	23.69
PCE(x)	13.33	13.41	24.12	22.63
Price/Book(x)	0.88	1.35	1.25	2.28
EV/Net Sales(x)	1.62	3.52	1.44	4.8
EV/Core EBITDA(x)	2.95	6.03	4.15	9.87
EV/EBIT(x)	3.03	6.15	4.4	10.19
EV/CE(x)	0.24	0.68	0.26	1.43
M Cap / Sales	4.7	5.45	5.11	7.64
Growth Ratio
Net Sales Growth(%)	36.94	46.78	-11.45	36.37
Core EBITDA Growth(%)	38.44	55.93	-38.3	90.8
EBIT Growth(%)	43.67	57.33	-40.76	96.31
PAT Growth(%)	94.07	71.56	-49.71	194.22
EPS Growth(%)	94.07	71.55	-49.7	194.2
Financial Stability Ratios
Total Debt/Equity(x)	0	0	0.04	0
Current Ratio(x)	2.26	1.67	3.48	3.83
Quick Ratio(x)	11.39	5.3	3.48	3.83
Interest Cover(x)	4.2	6.58	6.71	152.14
Total Debt/Mcap(x)	0	0	0.03	0

FINANCIAL RATIOS (STANDALONE) FOR INDBANK MERCHANT BANKING SERVICES LIMITED

YEAR	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Operational & Financial Ratios
Earnings Per Share (Rs)	0.91	1.57	0.79	1.81
CEPS(Rs)	0.96	1.61	0.87	1.9
Book NAV/Share(Rs)	14.48	16.03	16.79	18.79
Tax Rate(%)	17	18.58	31.13	31.01
Margin Ratios
Core EBITDA Margin(%)	-7.19	19.21	17.85	48.49
EBIT Margin(%)	53.37	57.21	32.72	47.06
Pre Tax Margin(%)	40.66	48.51	27.84	46.75
PAT Margin (%)	33.75	39.5	19.18	32.25
Cash Profit Margin (%)	35.29	40.63	21.21	33.77
Performance Ratios
ROA(%)	5.35	8.05	3.66	7.79
ROE(%)	6.51	10.29	4.81	10.18
ROCE(%)	10.3	14.9	8.05	14.6
Asset Turnover(x)	0.16	0.2	0.19	0.24
Sales/Fixed Asset(x)	2.69	3.75	3.68	4.97
Working Capital/Sales(x)	0.47	1.12	0.32	0.38
Efficiency Ratios
Fixed Capital/Sales(x)	0.37	0.27	0.27	0.2
Receivable days	62.64	68.06	74.86	63.74
Valuation Parameters
PER(x)	13.94	13.8	26.67	23.69
PCE(x)	13.33	13.41	24.12	22.63
Price/Book(x)	0.88	1.35	1.25	2.28
EV/Net Sales(x)	1.62	3.52	1.44	4.8
EV/Core EBITDA(x)	2.95	6.03	4.15	9.87
EV/EBIT(x)	3.03	6.15	4.4	10.19
EV/CE(x)	0.24	0.68	0.26	1.43
M Cap / Sales	4.7	5.45	5.11	7.64
Growth Ratio
Net Sales Growth(%)	36.94	46.78	-11.45	36.37
Core EBITDA Growth(%)	38.44	55.93	-38.3	90.8
EBIT Growth(%)	43.67	57.33	-40.76	96.31
PAT Growth(%)	94.07	71.56	-49.71	194.22
EPS Growth(%)	94.07	71.55	-49.7	194.2
Financial Stability Ratios
Total Debt/Equity(x)	0	0	0.04	0
Current Ratio(x)	2.26	1.67	3.48	3.83
Quick Ratio(x)	11.39	5.3	3.48	3.83
Interest Cover(x)	4.2	6.58	6.71	152.14
Total Debt/Mcap(x)	0	0	0.03	0

SHARE HOLDING PATTERN FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Date	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters %	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84	64.84
FII %	0.00	0.01	0.01	0.00	0.00	0.01	0.01	0.05	0.07	0.20
DII %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public %	35.07	35.06	35.06	35.07	35.07	35.06	35.06	35.02	35.00	34.87

PEER COMPARISON FOR INDBANK MERCHANT BANKING SERVICES LIMITED

No.	Name
1	Prime Securities Limited
2	Dolat Algotech Limited
3	Indbank Merchant Banking Services Limited
4	Arihant Capital Markets Limited
5	DB (International) Stock Brokers Limited
6	Alankit Limited
7	Almondz Global Securities Limited
8	Stampede Capital Limited
9	Khandwala Securities Limited
10	Geojit Financial Services Limited
11	BLB Limited
12	Emkay Global Financial Services Limited
13	Motilal Oswal Financial Services Limited
14	Aditya Birla Money Limited
15	Dhani Services Limited
16	Nuvama Wealth Management Limited
17	ICICI Securities Limited
18	Multi Commodity Exchange of India Limited
19	Angel One Limited
20	SMC Global Securities Limited
21	5Paisa Capital Limited
22	Jio Financial Services Limited
23	Steel City Securities Limited
24	Share India Securities Limited
25	GACM Technologies Limited

CORPORATE ACTIONS FOR INDBANK MERCHANT

Exchange Date	Purpose	Book Closure Dates
BSE 16-Oct-2024	Board Meeting - Quarterly Results	21-Oct-2024
BSE 27-Aug-2024	Book Closure - A.G.M.	13-Sep-2024 19-Sep-2024
BSE 27-Aug-2024	AGM - A.G.M.	19-Sep-2024 19-Sep-2024
BSE 12-Jul-2024	Board Meeting - Quarterly Results	19-Jul-2024
BSE 16-Apr-2024	Board Meeting - Audited Results	22-Apr-2024
BSE 15-Jan-2024	Board Meeting - Quarterly Results	22-Jan-2024
BSE 09-Oct-2023	Board Meeting - Quarterly Results	16-Oct-2023
BSE 21-Aug-2023	Book Closure - A.G.M.	08-Sep-2023 14-Sep-2023
BSE 12-Jul-2023	Board Meeting - Quarterly Results	19-Jul-2023
BSE 17-Apr-2023	Board Meeting - Audited Results	21-Apr-2023
BSE 13-Jan-2023	Board Meeting - Quarterly Results	21-Jan-2023
BSE 12-Oct-2022	Board Meeting - Quarterly Results	18-Oct-2022
BSE 13-Sep-2022	Book Closure - A.G.M.	21-Sep-2022 27-Sep-2022
BSE 13-Sep-2022	AGM - A.G.M.	27-Sep-2022 27-Sep-2022
BSE 18-Jul-2022	Board Meeting - Quarterly Results	22-Jul-2022
BSE 13-Apr-2022	Board Meeting - Audited Results	20-Apr-2022
BSE 06-Jan-2022	Board Meeting - Quarterly Results	12-Jan-2022
BSE 05-Oct-2021	Board Meeting - Quarterly Results	12-Oct-2021
BSE 06-Sep-2021	Book Closure - A.G.M.	21-Sep-2021 27-Sep-2021
BSE 06-Sep-2021	AGM - A.G.M.	27-Sep-2021 27-Sep-2021

CORPORATE ANNOUNCEMENTS FOR INDBANK MERCHANT

Exchange Date	Category File	Description
BSE 28-Oct-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication Copy of News paper Publication with regard to Financial Results for the quarter ended 30.09.2024
BSE 22-Oct-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation to Stock Exchange regarding loss of share certificate
BSE 21-Oct-2024	Outcome FILE	Un-Audited Financial Results For The Quarter Ended 30.09.2024 Un-audited financial results for the quarter ended 30.09.2024
BSE 21-Oct-2024	Outcome FILE	Board Meeting Outcome for Outcome Of Board Meeting Outcome Of Boardmeeting
BSE 16-Oct-2024	Intimation FILE	Board Meeting Intimation for Intimation Regarding Date Of Board Meeting INDBANK MERCHANT BANKING SERVICES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2024 inter alia to consider and approve We wish to inform you that pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 191st Meeting of the Board of Directors of the Company has been scheduled on Monday 21st October 2024 at Chennai inter-alia to consider and approve the un-audited financial results for the Quarter ended 30th September 2024.
BSE 07-Oct-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Certificate under Reg 74(5) of SEBI (DP) Regulations 2018
BSE 27-Sep-2024	Intimation FILE	Closure of Trading Window Stock exchange intimation regarding closure of Trading Window.
BSE 25-Sep-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation of Stock Exchange regarding loss of share certificates
BSE 21-Sep-2024	Outcome FILE	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report As per Reg 44 of SEBI (LODR) 2015 please find enclosed the voting results of the AGM held on 19th September 2024 and a copy of Scrutiniser Report.
BSE 20-Sep-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Retirement Intimation with regard to retirement of two Independent Directors
BSE 19-Sep-2024	Outcome FILE	Shareholder Meeting / Postal Ballot-Outcome of AGM Proceedings of AGM .
BSE 06-Sep-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Certificate under Reg.74 of SEBI (DP) Regulations 2018
BSE 29-Aug-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication A copy of Newspaper Advertisements published in Business Standard (English) and Makkal Kural (Tamil) regarding the Notice of AGM.
BSE 24-Aug-2024	Intimation FILE	Book Closure For Conducting AGM Register of Members and Share Transfer Books will be closed from 13th September 2024 to 19th September 2024 (both the days inclusive) for the purpose of conducting AGM which is scheduled to be held on 19th September 2024.
BSE 24-Aug-2024	General Announcements FILE	Reg. 34 (1) Annual Report. Please find enclosed a copy of Annual Report of the Company
BSE 24-Aug-2024	Intimation FILE	Notice Of 35Th AGM Of The Company This is to inform you that 35th AGM of the Company is scheduled to be held on Thursday 19th September 2024 at 12 Noon through video conference.
BSE 17-Aug-2024	General Announcements FILE	Appointment Of Independent Directors Appointment of Shri V A Prasanth and Smt. Padma R as Independent Directors
BSE 17-Aug-2024	Outcome FILE	Board Meeting Outcome for Outcome Of Board Meeting Outcome of Board Meeting
BSE 09-Aug-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation to Stock exchange regarding loss of share certificates
BSE 07-Aug-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018
BSE 03-Aug-2024	General Announcements FILE	Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate Intimation regarding loss of Share Certificates
BSE 22-Jul-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Newspaper Publication Newspaper Publication with regard to the financial results for the quarter ended 30.06.2024.
BSE 19-Jul-2024	Outcome FILE	Un-Audited Financial Results For The Quarter Ended 30.06.2024 Un-audited financial results for the quarter ended 30.06.2024.
BSE 19-Jul-2024	Outcome FILE	Board Meeting Outcome for Outcome Of Board Meeting The Board of Directors at its meeting held on 19.07.2024 considered and approved the un-audited financial results for the quarter ended 30.06.2024 along with Limited review report issued by the Auditors for the quarter ended 30.06.2024. A copy of the said financial results and Limited Review Report is enclosed for your information and record.
BSE 12-Jul-2024	Intimation FILE	Board Meeting Intimation for Considering And Approving Un-Audited Financial Results For The Quarter Ended 30.06.2024 INDBANK MERCHANT BANKING SERVICES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/07/2024 inter alia to consider and approve We wish to inform you that pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 189th Meeting of the Board of Directors of the Company has been scheduled on Friday 19th July 2024 at Chennai inter-alia to consider and approve the un-audited financial results for the Quarter ended 30th June 2024.
BSE 06-Jul-2024	General Announcements FILE	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 Compliance Certificate under Reg 74 (5) of SEBI (DP) regulations
BSE 29-Jun-2024	Intimation FILE	Closure of Trading Window Closure of Trading Window.
BSE 21-Jun-2024	Outcome FILE	Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot Please find enclosed the outcome as well as Scrutinizer Report for the Postal Ballot for which the e-voting ended on 20.06.2024
BSE 21-Jun-2024	Outcome FILE	Shareholder Meeting / Postal Ballot-Scrutinizer"s Report Please find enclosed the Outcome of Postal Ballot as well as a copy of Scrutinizer Report
BSE 20-Jun-2024	General Announcements FILE	Announcement under Regulation 30 (LODR)-Change in Management Intimation under Reg.30 of SEBI (LODR) 2015 with regard to the appointment of Shri Ashutosh Choudhury as an Additional Director of the Company

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
No Insider trading details found

BULK BLOCK DEALS FOR INDBANK MERCHANT BANKING SERVICES LIMITED

Exchange Dates	Activity	Qty & Price (%)	Person / Organisation
BSE 15-Sep-2023	Buy BULK	2,495 @ 40.59	DB (INTL) OWN TRADING
BSE 15-Sep-2023	Sell BULK	256,265 @ 40.59	DB (INTL) OWN TRADING
BSE 13-Dec-2022	Buy BULK	25,697 @ 34.04	DB (INTL) OWN TRADING
BSE 13-Dec-2022	Sell BULK	294,185 @ 34.49	DB (INTL) OWN TRADING

DIVIDEND BY INDBANK MERCHANT BANKING SERVICES LIMITED

No dividend details found

SPLIT / BONUS BY INDBANK MERCHANT BANKING SERVICES LIMITED

No Split / Bonus details found

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Indbank Merchant Banking Services Limited

Indbank Merchant share price

CONSOLIDATED QUARTERLY RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

STANDALONE QUARTERLY RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

CONSOLIDATED ANNUAL RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

STANDALONE ANNUAL RESULT FOR INDBANK MERCHANT BANKING SERVICES LIMITED

CONSOLIDATED PROFIT / LOSS FOR INDBANK MERCHANT BANKING SERVICES LIMITED

STANDALONE PROFIT / LOSS FOR INDBANK MERCHANT BANKING SERVICES LIMITED

CONSOLIDATED CASH FLOW FOR INDBANK MERCHANT BANKING SERVICES LIMITED

STANDALONE CASH FLOW FOR INDBANK MERCHANT BANKING SERVICES LIMITED

CONSOLIDATED BALANCE SHEET FOR INDBANK MERCHANT BANKING SERVICES LIMITED

STANDALONE BALANCE SHEET FOR INDBANK MERCHANT BANKING SERVICES LIMITED

FINANCIAL RATIOS (CONSOLIDATED) FOR INDBANK MERCHANT BANKING SERVICES LIMITED

FINANCIAL RATIOS (STANDALONE) FOR INDBANK MERCHANT BANKING SERVICES LIMITED

SHARE HOLDING PATTERN FOR INDBANK MERCHANT BANKING SERVICES LIMITED

PEER COMPARISON FOR INDBANK MERCHANT BANKING SERVICES LIMITED

CORPORATE ACTIONS FOR INDBANK MERCHANT

CORPORATE ANNOUNCEMENTS FOR INDBANK MERCHANT

INSIDER TRADING FOR INDBANK MERCHANT

BULK BLOCK DEALS FOR INDBANK MERCHANT BANKING SERVICES LIMITED

DIVIDEND BY INDBANK MERCHANT BANKING SERVICES LIMITED

SPLIT / BONUS BY INDBANK MERCHANT BANKING SERVICES LIMITED